Arab Today, arab today canada central bank keeps rate at 1
Last Updated : GMT 11:40:20
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Arab Today, arab today

Canada central bank keeps rate at 1%

Arab Today, arab today

Arab Today, arab today Canada central bank keeps rate at 1%

Ottawa - AFP

Canada\'s central bank as anticipated on Tuesday maintained its key lending rate at one percent, saying it expects a \"brief recession\" in Europe and weak US growth. Although growth in Canada rebounded in the third quarter, the Bank of Canada said its outlook for the Canadian economy has weakened since July due to a \"significantly less favourable\" external environment.  

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